According to AutoForecast Solutions, North American factories have been forced to cut nearly 1.06 million vehicles from production schedules this year due to the chip shortage.
This puts North America as the most heavily impacted region so far. AFS' data shows nearly 3 million vehicles have been cut so far in 2022, and the agency expects that number to grow to more than 3.8 million by the end of the year.
What is surprising is that the issue does not appear to be going away but seems to have dropped off the list of subjects reported. While US companies seem to be soaking up subsidy money to build chip factories these could be years away, and the underlying problem which created the chip problem in the first place has not been dealt with -- basically too many chips are made off shore with fragile supply chains.